Team Brings 100+ Years Experience to Asset Monitoring Technology
TSX Venture Exchange symbol: FOX
TORONTO, Aug. 28 /CNW Telbec/ - Fiber Optic Systems Technology, Inc.
("FOX-TEK"), (TSX-V: FOX), a developer and manufacturer of patented
non-intrusive monitoring systems, today announced the launch of a
fully-staffed sales office in Houston, TX. The office's highly qualified staff
is targeting sales of FOX-TEK's unique infrastructure monitoring technology to
pipeline and refinery operators throughout the USA.
"Our sales team has extensive experience in the oil, gas and
petrochemicals industries, and fully understands how our systems can bring
real cost benefits when integrated into the maintenance and sales cycles of
pipeline and refinery operators," says Terry Norman, FOX-TEK's US and Latin
American Director of Sales at the Houston office. "I'm very confident that
FOX-TEK has the ability to address some of the major issues in asset
management and, along with the strength of our team here in Houston, we'll
bring real value to both our customers and the company."
The experienced sales professionals in FOX-TEK's Houston office will play
a major role in the company's continued growth. With over 100 years of
combined relevant experience in the technology and field services industries,
FOX-TEK's Houston team understands the industry's need for timely and accurate
data about the status of critical pipeline and refinery infrastructure. The
team has extensive contacts within the operator community and will leverage
these contacts to rapidly grow sales.
The office is already in the process of closing its first major
contracts. "FOX-TEK is now starting to tap into the US market," Norman said.
The company estimates that the US could become one of its most significant
customer centers due to the increasing trend toward monitoring as part of
routine inspection and maintenance of oil and gas pipelines.
"The major oil and gas pipelines in the US are an average of
25 to 30 years old, so it is essential to track any degradation in such
important infrastructure," said Dr. Essam Zaghloul, CEO of FOX-TEK. "Our
decision to target the centers of the US oil and gas industry will help
FOX-TEK grow while improving the industry's safety and profitability."
Fiber Optic Systems Technology, Inc. "FOX-TEK" develops non-intrusive
asset health monitoring sensor systems for the oil and gas market to help
operators track the thinning of pipelines and refinery vessels due to
corrosion/erosion, strain due to bending/buckling, and process pressure and
temperature. FOX-TEK's FT fiber optic sensor and Pinpoint systems allow
cost-effective, 24/7 remote monitoring capabilities to improve scheduled
maintenance operations, avoid unnecessary shutdowns, and prevent accidents and
FOX-TEK has offices in Toronto, ON, Calgary, AB, Houston, TX, and
Al-Khobar, Saudi Arabia. FOX-TEK is traded on the TSX Venture Exchange under
the symbol "FOX". For more information, visit www.fox-tek.com.
For further information:
For further information: Media contact: Neil Torres, Public Relations,
Antenna Group for FOX-TEK, (415) 977-1942, firstname.lastname@example.org; Investor
Relations contact: Renmark Financial Communications Inc.: Barry Mire:
email@example.com; Christine Stewart: firstname.lastname@example.org,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com